azspot:


Whose Economic Recovery Is It?
jakke:

Whoa so this is an awesome disaggregation of US income inequality. Labour income is wages and salaries, capital income is things like bonds and dividends and rent, business income is income from your business, and capital gains income is returns from selling assets (e.g. stocks) that have gained value while you held them.
What’s actually pretty impressive is that the distribution of labour income is actually pretty equal? Like, things are very bad for the bottom 20%, but beyond that, the labour income curve isn’t too wildly skewed towards a few at the top. What’s driving the massive income inequality in the US is capital gains, since around two-thirds of capital gains income accrues to the top one percent. 

jakke:

Whoa so this is an awesome disaggregation of US income inequality. Labour income is wages and salaries, capital income is things like bonds and dividends and rent, business income is income from your business, and capital gains income is returns from selling assets (e.g. stocks) that have gained value while you held them.

What’s actually pretty impressive is that the distribution of labour income is actually pretty equal? Like, things are very bad for the bottom 20%, but beyond that, the labour income curve isn’t too wildly skewed towards a few at the top. What’s driving the massive income inequality in the US is capital gains, since around two-thirds of capital gains income accrues to the top one percent. 

barticles:

Homeland Security, encapsulated in a single tweet. Bravo.

barticles:

Homeland Security, encapsulated in a single tweet. Bravo.

Paul Krugman:

Lots of reporting on the new Kaiser Family Foundation analysis of what we know so far (pdf) about premiums under Obamacare. It definitely looks as if there will be a mild “rate shock” — in the right direction. KFF:

While premiums will vary significantly across the country, they are generally lower than expected.

What’s going on here? Partly it’s a vindication of the idea that you can make health insurance broadly affordable if you ban discrimination based on preexiting conditions while inducing healthy individuals to enter the risk pool through a combination of penalties and subsidies. But there’s an additional factor, that even supporters of the Affordable Care Act mostly missed: the extent to which, for the first time, the Act is creating a truly functioning market in nongroup insurance.

I think Obama got it right. Congress should have a debate and vote, but overall some punishment must be given for Syria’s egregious actions. Let’s see how the politics shapes up but you would think Republicans would not be too opposed to this and the limited scope of the attack would appease many liberals. That said, Labour’s opposition in the UK shows it might not be so easy. Luckily for him, Obama has another week to make his case and let the evidence become even more established. 

Jared Bernstein: 

"Big Data is very much like the surveillance camera in this analogy: Yes, it can help us avoid occasional jolts and disturbances and, perhaps, even stop the bad guys. But it can also blind us to the fact that the problem at hand requires a more radical approach. Big Data buys us time, but it also gives us a false illusion of mastery."

's “Connecting the Dots, Missing the Story" op-ed for Slate

Jonathan Rauch

Sighhh. (via Wonk Blog) 

Sighhh. (via Wonk Blog